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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

IPO market set to sizzle

Posted on 19 August 2010

From Todayonline.com: Singapore’s initial public offering (IPO) market looks set to sizzle this year as two big share offerings this year. Chinese shipbuilder New Century Shipbuilding is rousing the market with talk that it would revive its IPO plans here, while GIC Real Estate - the property arm of the Government of Singapore Investment Corp - is expected to launch a massive US$3 billion ($4.05 billion) IPO.
Analysts are upbeat that there is sufficient liquidity in the market to absorb the massive share offerings from both firms and that they can also help boost the languishing market sentiment on IPOs……………………………………….Full Article: Source


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